Alhaji Siba Yahaya, the suspect

An Accra Circuit court has issued a bench warrant for the arrest of a businessman, Alhaji Siba Yahaya, for allegedly defrauding some foreign investors in a more than $1million gold scam.

The bench warrant was issued after Yahaya had failed to appear before the court to which he had been summoned.

The court, presided over by Mr Emmanuel Essandoh, issued the bench warrant yesterday, following an application by the prosecuting officer, Inspector Eric Pobee, who noted that the defendant was absent from defending the charge against him.


Presenting the facts of the case to the court, Mr Pobee said two investors from the United Kingdom and their business partners were introduced to Alhaji Yahaya in 2020 as a businessman who traded in gold.

The investors indicated their interest in buying gold bars from Yahaya and subsequently travelled to Ghana, on Yahaya’s request, who also demanded they meet him in person for negotiation in respect of the transaction.

In February 2020, Yahaya and an accomplice, Samuel Asante, now at large, met the investors and showed them 20 kilogrammes of gold bars.

The foreign investors expressed their readiness to buy five kilogrammes of the gold, for which Yahaya and his accomplice demanded and collected $69,000 as initial part payment of the value of the gold.

After receipt of the money, they promised to export the gold to the foreign investors, who…

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